4.8 GW S&W Registered For Brazil Auction

Brazil’s CEMIG Registers Around 4.8 GW Solar & Wind Capacity For Special Incentive Electricity Purchase Auction On August 24, 2021

4.8 GW S&W Registered For Brazil Auction

Brazil’s CEMIG is to hold Special Incentive Electricity Purchase Auction for wind and solar energy on August 24, 2021 and announce winners on August 31, 2021. (Illustrative Photo; Photo Credit: zhengzaishuru/Shutterstock.com)

  • CEMIG has announced registrations for around 4.8 GW capacity and 1.8 GW average energy for the Special Incentive Electricity Purchase Auction
  • The auction comprising wind and solar energy technologies is to be held on August 24, 2021
  • CEMIG believes this auction will have great competition from wind and solar energy projects in Brazil

Companhia Energetica de Minas Gerais (CEMIG), the Brazilian energy trader, has registered close to 4.8 GW installed wind and solar power capacity, and 1.8 GW average energy under a Special Incentive Electricity Purchase Auction to be held on August 24, 2021 (see Brazil: Solar & Wind Energy Auction On August 24, 2021).

Projects selected will secure CEMIG as offtaker for supply of energy between January 2024 and December 2038. Auction winners are to be declared on August 31, 2021.

CEMIG explained that auctions for the purchase of incentivized energy are an initiative for the utility to maintain its leadership in the sector.

“The accessions received for this auction show that CEMIG’s strategy of betting on this type of contract is quite right. We will have great competition from wind and solar energy projects located in different regions of the country,” said CEMIG’s Wholesale Energy Purchase and Sale Superintendent, Marcos Aurélio Alvarenga Pimentel Jr.

Once the auction is over, the country’s Ministry of Mines and Energy (MME) will hold the A-5 New Energy Auction on September 30, 2021 (see Brazil To Hold A-5 New Energy Auction On Sept 30, 2021).

About The Author

Anu Bhambhani

Senior News Editor: Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.Before joining our team, Anu worked in various positions at publications of the Times Group in New Delhi. As a Principal Correspondent, she conceptualized special features and supplements for both The Times of India and The Economic Times. While Anu delved deep into solar at TaiyangNews, environment topics have been close to her heart before. As Assistant Editor, she was responsible for launching Planet Earth for The Economic Times, a special series on environment. Before joining the Times Group, Anu was a Copy Editor at the Hindustan Times.Anu holds a Masters degree in Journalism and Mass Communications from the University of Rajasthan. She also studied at the Centre for Science and Environment in New Delhi on E-Outreach: New Media Technologies for Advocacy and Strategic Communication, Social Media

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